Faulty reasoning signals

• Availability Heuristic - 21.9%
• Appeal to Authority - 21.9%
• Biased Writer Voice - 21.9%

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Minnesota is ranked No. 5 in America's Top States for Business for 2026.

CNBC’s annual study once again puts all 50 states to the test, measuring them on 138 metrics, the most ever, across ten categories of competitiveness.

Economic Profile

Governor: Tim Walz, Democrat Population: 5,830,405 GDP growth (Q1 2026): 0.30% Unemployment rate (May 2026): 4.40% Top corporate tax rate: 9.80% Top individual income tax rate: 9.85% Gasoline tax: 51.10 cents/gallon Bond rating (Moody's/S&P): Aaa, Stable/AAA, Stable Economic profile sources: U.S. Census Bureau, U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, Federation of Tax Administrators, American Petroleum Institute (including 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence